Nvidia misses analyst estimates by $4B on the back of AI momentum

[dschol]

https://www.reuters.com/technology/nvidia-forecasts-second-quarter-revenue-above-estimates-2023-05-24/

[qeternity]

@dang: This headline is just plain wrong. NVDA’s forecasts are $4b higher than analyst expectations. I have no clue what OP is reading.

[kristianp → qeternity]

Actual headline (for me anyway): Nvidia shares surge 21% as sales forecast jumps and AI booms.

[samspenc]

And ... stock is up +20% after earnings.

[qeternity → samspenc]

That’s because this headline is wrong, and not what the article says at all if you bothered to read it.

NVDA forecasts beat by $4b, not missed.

[bombcar → qeternity]

They did miss, but they missed way over; not the normal way finance talks about it.

[dschol → bombcar]

That’s right. I was being cheeky. Bad idea. Sorry.

[qeternity → bombcar]

Ok, well we’re talking finance.

They beat earnings. By a mile.